CAPITAL MARKETS

Harmony's changing tune

ONCE touted for being a negative cash cost proposition, Harmony Gold has warned that plans for the $US4.8 billion ($A5.2 billion) Golpu block cave project it shares with Newcrest Mining in Papua New Guinea do not hold up with current gold and copper prices.

Blair Price
Harmony's changing tune

As part of its bundled December quarter and full-year results, Harmony revealed that more work needed to be done. “Regardless of the quality of the orebody, developing Golpu in line with the 2012...

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